surprise episode with balaji out nowrelatively short listenwe chat:- bitcoin -> ethereum -> solana -> zcash- east vs. west- usa vs. china- crypto vs. the state- rome and christianity- how to write bangersenjoy! https://t.co/XEy95vcOP7 ...

当地时间周五，美股三大指数集体低开。截至发稿，道琼斯指数跌0.37%，标普500指数跌0.77%，纳斯达克综合指数跌1.30%。 大型科技股普跌，特斯拉、英伟达、甲骨文均跌超3%。 费城半导体指数跌至两周多以来的最低点，跌幅达2.61%。 | < 日 | | | 费城半导体指数(SOX) | | Q | | --- | --- | --- | --- | --- | --- | | | | | 11-07 10:08:29 | | | | 6835.32 | | 昨收 | 7018.39 | 成交额 | 0 | | -183.07 -2.61% | | 今开 | 6917.75 | 成交量 | O | | 上 涨 | 1 | 中 日 | 0 | 下 跌 | 29 | | 最高价 | 6925.42 | 市盈率 | 48.7 | 近20日 | 6.68% | | 最低价 | 6788.06 | 市净率 | 13.48 | 今年来 | 37.26% | | 分时 | 五日 日K | | 周K | 月K 更多 @ | | | 量加 | | | | | | | 7248.72 | | | | | 3.28% | | ...

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 11月7日｜比特币24小时跌幅超3%，以太坊24小时跌幅超4%，solana 24小时跌幅近4%，BNB24小时跌 幅超1%。 ...

Market Overview - Markets are experiencing a pullback, with the Nasdaq down by 2% and the S&P 500 down by 1.2% [1] - The Federal Reserve's hawkish stance is contributing to market volatility, as Chairman Jerome Powell indicated that rate cuts may not occur in December [5] Cryptocurrency Market - Cryptocurrency prices are declining, with Bitcoin down by 3% and threatening to fall below $100,000, while other cryptocurrencies like Ether, XRP, Solana, and Dogecoin are down by 2%-6% [2] - Crypto-related stocks are facing significant losses, with Robinhood down by 8.5% despite a strong earnings report, and Coinbase and Gemini down by 5.6% and 3% respectively [3] Digital Asset Sector - Capital is moving away from digital asset treasury sectors, highlighted by a 5.9% decline in MicroStrategy (MSTR), which is now down 6.8% year-over-year and 56% from its peak of $543 [4] - Bitcoin mining stocks, which had previously benefited from a pivot to AI infrastructure, are also seeing declines, with companies like Hut 8, IREN, and Cipher Mining down more than 8% [4] Employment and Economic Indicators - The Challenger job layoff report indicates one of the worst results in over two decades, signaling underlying economic weakness [7] - CarMax's CEO unexpectedly stepped down, leading to a 20% drop in the company's shares, reflecting concerns about economic pressures [7] Government Shutdown Impact - The ongoing federal government shutdown is expected to have a prolonged impact, resulting in billions of dollars not flowing through the economy and markets [8]

onramp to bitcoinonramp to ethereumonramp to solanaonramp to suionramp to xrponramp to tononramp to everything onchain→ with The New Money App. ...

One of the world’s oldest investment institutions, Morgan Stanley, has advised clients to allocate 2-4% of their investment portfolios to crypto. With a strong spotlight on Bitcoin as a “scarce asset, akin to digital gold,” Morgan Stanley’s suggestion is a pivot in Wall Street’s stance toward digital assets. On 5 October 2025, Morgan Stanley’s Global Investment Committee (GIC) formally released a set of portfolio allocation guidelines, wherein “opportunistic growth portfolios were suggested up to 4% crypt ...

Core Insights - Bitcoin is entering a critical phase as macroeconomic factors and specific crypto trends align, with BTC rising to $120,000 after a 9% increase this week, while gold also saw a 2.9% rise to $3,900 [1] - The U.S. government shutdown has significantly impacted regulatory bodies, with over 90% of SEC staff furloughed, leading to market rallies as investors anticipate a 25 basis point interest rate cut by the Federal Reserve [2] - Historical trends indicate that October is typically a bullish month for Bitcoin, with on-chain data showing a monthly demand increase of approximately 62,000 BTC since July, largely driven by ETFs and large investors [4] Market Dynamics - The crypto market is experiencing growth, particularly in DeFi trading activity, which is being fueled by renewed interest from Asia, suggesting a shift towards broader market adoption [5] - Anticipation is building around potential catalysts in the crypto space, including ETF decisions for altcoins like Solana and XRP, as well as Ethereum's Fusaka upgrade [5]

Group 1 - Morgan Stanley will offer cryptocurrency trading on its E*Trade platform starting in the first half of 2026 through a partnership with Zerohash [1] - E*Trade clients will be able to trade bitcoin, ether, and solana at launch [1] - The cryptocurrency market has grown into a market worth approximately $3.9 trillion, with bitcoin and ether accounting for about $2.25 trillion and $506 billion respectively [3] Group 2 - The Trump administration's supportive stance on regulations has contributed to the growth of cryptocurrencies, attracting Wall Street banks and asset managers [2] - E*Trade's competitors, such as Robinhood and Charles Schwab, are also expanding their cryptocurrency offerings [3] - Zerohash has achieved unicorn status after raising $104 million in a funding round led by Interactive Brokers, with participation from Morgan Stanley and others [4]

Group 1 - Brera Holdings stock has surged over 450%, reaching a high of $43.14 from $7.65 in just a few days [1] - The company is transitioning to a digital asset treasury and will rebrand as Solmate, focusing on holding Solana tokens [2] - This transition is funded by a private placement that raised $300 million, with notable backers including ARK Invest and the Solana Foundation [3] Group 2 - Brera plans to trade on both Nasdaq and UAE exchanges post-transition while continuing its sports franchise operations [4] - The trend of non-crypto companies entering the crypto space is ongoing, despite predictions of a peak in the crypto treasury craze [4] - The Trump administration's pro-crypto policies have positively impacted digital assets, including Solana, which has increased by 75% in six months [5] Group 3 - Various companies, including those in unrelated sectors, have announced crypto treasury strategies, attracting Wall Street analysts to join these firms [6]

Core Insights - Digital asset treasuries (DATs) have experienced significant declines in their market net asset values (mNAVs), falling below 1, which impacts their ability to purchase crypto and threatens demand for major cryptocurrencies like bitcoin (BTC) and ether (ETH) [1][2] - Ether DATs are positioned favorably due to staking yield, regulatory clarity, and growth potential, while bitcoin lacks yield, making ether and solana treasuries more attractive [3][6] Group 1 - The mNAV ratio is critical; a decline leads to reduced incentives for firms to buy crypto, affecting demand for BTC, ETH, and solana [2] - The next phase for DATs will focus on differentiation, with successful firms being those that can raise funds cost-effectively, achieve scale, and earn staking yield [3] - Market saturation has led to a surge in BTC treasuries, with nearly 90 firms collectively holding over 150,000 BTC, a sixfold increase this year [4] Group 2 - Ether treasuries have been actively accumulating, with 3.1% of ETH's circulating supply purchased since June, positioning major players like Bitmine to continue expanding their holdings [5] - The dynamics of DAT buying are crucial for crypto markets, as it has been a key driver of BTC and ETH prices in 2025, with ETH expected to benefit from the consolidation pressures facing BTC treasuries [6]